|
� -...'�ky���+ �� i !M1 i M',/„�Frk� =' A ���� -- �. ._ ' 1.
<br /> ' I��.e v. ;4�
<br /> .�,..�
<br /> _� .-Ey.le.�._. _ _ --- -- - ----- - � ------_ _ --'.—. _ . .
<br /> � � _. -'_��.� _ � -
<br /> -- --_ ._ __ _... _..
<br /> _� . ._ _. .._.. . ._ . .----- - �-�-�- ---------- - ... .
<br /> � 9,�. �a�o�rs
<br /> subst►nu cqu� �w[tjy�c insuranc:a cuverage is nc�t eYr.i�able;B�rruwer shall Fay ta l.cndtr each monch a sum equat to
<br /> . ,...
<br /> _ __ — � one-twe.l , �i�i�llra��1fY1�C 1►u'urunee preirnum txing paid by Borrower whan the insurance coverage lap.4ed�rr cea.x,�to —
<br /> _— __—,.z—N� � f�t �Il�'�lCI. Em�der will�c:�:{�f.LLS!iUl(��:tI8111 I�ll'sl'F�cy�uciii�:i� U�u�5 ���i�Ji.�i1 fiCU tif ti�f.:ISA�;' 1:!':451:'t1C�. }.��:5 �C!i++�
<br />- — �tii1y111Cillti lll:ly ilU IUII}�l'1'I]C i2:111ii1I, :�t t{�w nptinu u!l�:ud�:r•. if ronit}.�};c�iutiiu.mcc c��v��ra}r.(in thc:imoimt;�it:i liir Ihc rrri�xi
<br /> �li;�t I.ender reyuires)i�rovid��h,y nn inrurei ;�rnr���t•d by I r.�nder again hec��mrs+�vailahle anc! is��btained. 13orrower shall pay
<br /> �� the pretniums rcyuircd to rrwia�ai n nx►rlg¢gc insurance in cl�iixt,ur t�r proviQe u tuss rc�servc,unti!tlie reyuiremcnt for mong:�gh
<br />— -- insurance entis in accordanr�with eny wriuen agrament betwcen F3��rmwer a�xi Lcnder nr upplicable law.
<br /> - 9. I►uspecNnn.Ltr�ler nr i�s agznt may n�:►ke rea�crnublc cntrics u�wu and invpectiuns uf tlx: F:�►�r:rty. I,cnder :,hull givc
<br /> -- &�rrawer notic�ut the time i�f or pcio►�ta un inspoctiun spa:ifying rea.uinuble cause 1'or the inspc�tion.
<br /> —___ __ _ _ _ 10. Cunelemiu►t[on.Tim pruc�cds o€any ;�wnrd ur claun for damages, direct or canseyuentiul, in connscticm'w�it�'an�
<br /> , ---- ----- con�lemnation or athcr tuking o1 any part of the !'ruprr�y.ur fu�•cuuvcya�icc iii li�u of co:tdcmnatI�n, am h_r�l�y°� � �
<br /> shall be paid to C.endcr. —`
<br /> � In the cvent af a tatal takin�;of the Yroperty,the pmccals shall bc applicd to thc�wns securcci by this Security Instrwnent,
<br /> whether or nat thcn duc, with any exce�s paid to Horrawer. In the evcnt of a partiul tuking of tlic Property in which the fair
<br /> markct valuc af ehc Propcny immecliutely befon the taking is cqual to ur grcater than the amount af the sums secured by this
<br /> Sccuriry Instrumcnt immediutdy before the t�iking,unless Borrower and l.cndcr othcrwise ugrec in writing,the sums sccure�l by ,�
<br /> this Security Instrument shal!be reduced by the amount of the prrceeds nwltiplicxl by the following fraction: (u)thr,total
<br /> amount af the sumti sccurr.d immediately t+efore thc tuki»g, divlded by (b)thc fair murket v:slue af dte Property immedi�t�ly �__
<br /> befare thc uikinU. Any balance shall be paid to Horrower. In thc event of a partiul taking of tlit Property in which the f:iir
<br /> : , , � m�rket vulue of thr Propurty immediatcly bcfarc[he takinB is less thun thc am�unt of the sums securcci immcdiutciy txfore the
<br /> �. taking, unless Borrawcr and Lcnder otherwise agrcc:in writing or unless upplicable law othcrwise pruvides.the proceeds shall
<br /> bc upplicd t�the sums securcd by this Securily Instrument whethcr or not tha sums are thcn due.
<br /> If the Property is abandoncd by Borrower,or if,aftcr notice by Lcnder to Borrower that thc aondcmnor offcrs to rnake an
<br /> award or settle a claim for damagcs. Borrower fails to respond to Lcnder within 30 dnys af[cr the datc thc notice is given.
<br /> ��' - I�n�ier is Fiudiori:tetl to coliect nnd apply the proceeds,at its option,either to restoration or rep:xir of thc Property or to the sums `
<br /> ���!•�+��' �' secured by this Security Instrument.whetlier or not tlien due.
<br /> {��?:;_k?;';;;, Unless Lender and Bocrower otherwise agree in writing. any application of procceds to principal shall not extcnd or
<br /> �.1'''._' � �;'o,,,;; '- postponc the due datc af thc mmithly paymcnts referrcd to in paragraphs 1 and 2 or change the umount of such payments.
<br /> •. �: ` � • .�:�Y' I1.Sorrower Not Releused;�'orbeurance By Le�2der Not u Waiver.Extension of the time for payment or modi!icatinn _
<br /> ���1'�•.,;„ � of amortization of the surns saured by this Security Inserument�ranted by Lender to any successor in interest of Barro�ver shall __
<br /> `" `� not operate to relcucc the liability of thc original Borro�vcr or Bonower's successors in interest,L.ender shall not be rcquired to .
<br /> ���';_':'.�'�'' �a'�':;�s commence proceedings against any successor in interest or refus�eo extend time for payment or otherwise modify amortir.ation
<br /> � r� • :_..;��•, of the sum� tiecurcd by this Sccurity Instrument by rea�son of any dernand macle by the original Borrower or Borrower's
<br /> '`"'"'� '1 ' successon in intcrest. Any forbc.vancc by C.cnder in cxercising any right or remedy shall nat bc a waivcr of or precludc thc u
<br /> �•�� �� �• ' exerci�c of xny right or rc�ncAy.
<br /> . . - • 1Z. Succ�sors and AssE�ns Bound; .luint and Severnl Liability; Ca-siRners. 1'he covenants and agreements of this __
<br /> Security Instrument shall bind and 6enetit the successors and assigns of Lender und Borrower, subject to the provisions of s —
<br /> p3ragranh 17. Borrowcr's covenants and agreements tihall be joint und scvcral. Any Boirower who co-signs this Secur;ty ___
<br /> ' ' ' ' �°"'`" ' Instrument but does norexccute the Notr (a) is co-signing this �ccur►ty instrumen�oniy ro tnurigabc,g�ai�t u��d c���.ey ihai _
<br /> c��'. . Dormwer's interest in thc Yroperty under the tertns of this Security Instrument;(b}is not personally obligatai to pay the sums _
<br /> ' secumd by this Secm•ity Instrument; und(c)agrces that I.endcr und any other Bottower may a�rce to extend,modify, forbear or _
<br /> ������`� � � make nny accommodcttions with regard to thc tcrms of this Security instrumcnt ur tlte Note without that Borrower's cunsent. _„_
<br /> � '' ,:. 13.Laun Chatxes.If the loun secured by this Security Instrument is subjret to a law which sets maximum loan charges. e°►_?�w_
<br /> ;,,,' �� and that la�v is finally interpreted so that the interest or other loan charges collec�ed ar to be collected in connection with the �-
<br /> � � loan exceed the permitted limits,then: (u)any such loun charge shall be n;duced by the amount nccessary to reduce thc charge �.
<br /> � � to the permitted limit and (b) any sums already cotlected from Borrower�vhich excceded permitted limits will bc refunded to �,.
<br /> , Borrowcr. Ltnder may chuose to makc this refund by rcducing thc principal owal undcr thc Notc or by making a direct �::__
<br /> -� ~ • - �� pxyment to Borrower. If a rcl'u�id reciuccs principal, the re.luctian will he lreutcd as a parti:�l pmpuymcnt without uny �.
<br /> • prepaymcnt chargc undcr thc Nc�tc. �'::'-
<br /> ' 14.Notices. Any notice tv Borrowcr provided for in this Sccurity instrument shall bc given by delivcring it or hy mailing ��.,:
<br /> •y.. :,.-. �� . � it by t"irst clatis muil unless applicable law requires use of another methuJ.The notice tihall be directed to the Prc�peery Address •
<br /> ''��" •. '���.. or any other address Borrowcr designates by noticc ro Lender. Any notice to L.cnder shall be given by tirst class mail to -`:�-
<br /> - ''"' Lcnder's addmss stated hemin or any other address Lender designutes by notice to Borrower. Any notice provided fcir in thiti _
<br /> ` � ' �' � Sc;curity Instrumcnt shall bc dcemed to huve bcen given to Borrrnver or Lcndrr when givcn as providcd in this paragruph. '� ;
<br /> • � 15.GoverninA La���; Sevcrability. This Sccurity Imtrument shall ne govrrneJ by fedcral law and thc law of thc �
<br /> . jurisdiction in which thc Property is loc:�ted. ln the cvcnt that any provision or clau�c of this Security Instrument or the Note ,
<br /> ' conflicts with applicablc latv,such contlict shall nol affect othcr prov�s�ons of this 5ccurity Instrumcnt or thc Notc wBich can bc r;,.:
<br /> •, given effect�vithc�ut the ccmlticting provisi�n. To this end the prcrvitiions of this Security Imtrnment and the IYotc�im declared .
<br /> ��� -,y�, to bc�cvcrable. ` �
<br /> 16.13orrower'+Copy.Burrowcr shall be given i�ne confurnicd copy��f the Note cmJ of this Security lnstrunicnt. ��'
<br /> � 17.7'ransfcr of the Property or a Beneftciul L�tcrrst in Borrowcr.If all or any part cif the Property or any intcrest in it .
<br /> ;;,k J.=;# is sold or transferrtd(or it'a beneticial ir.tcrest in B�irrowcr i,suW ur trsnsferrcJ and Borrowcr is not a naturul person)without
<br /> Lcndcr's prior written consent, Lendcr may, at its <iption, rcyuirc immeJiatc payment in full uf ull sums sccurcai by this
<br /> .. ' • .. Scc:urity[ntitrumcnt. How�cvcr, this optiun sha[I not be excrcised by I.cndcr if cxcrcisc ts prohibited by fedcral lu�v ati of thc Jate
<br /> ' uf'this Sccurity Instrument.
<br /> ��� If L,cndcr excrciscs this uption, l.cndcr shall give Butto�vcr noticc of acccicration. Thc notic:e shull providc a pericxi of nut
<br /> 1i ' ° � Icss thun 30 days from thc datc thc nuticc is dclivcred or mailcd �vithin which Borrowcr rnurt pay all tiums securcd by this
<br /> ' Sccurity Instrumcnt. lf Borrow�r Fuils to pay thcsc sums prior tu thc cxpiratiun uf this periad.Lcndcr mny invakc any rcmcdics �
<br /> permittcd by this Sccurity Instrumcnt witliout furthcr noticc or demand cm Botrinvcr.
<br /> I8. Borrowcr's Ri�ht to Reinstate. If Burrowcr mcets ccrtnin ccmditions. Burrowcr shull havc thc ri�lit to havr i
<br /> Y: enforcement of this Sccurity Ins�rument discontinual at any time prior to tfic curlicr of: (al 5 days (or surh other perioJ as
<br /> applicuble law m•ry specify fur reinstatcmcnU beforc salc oF thc Property pursuant to any powcr ��f salc contuined in this i
<br /> � � i 5ecurity Instrumenr,or Ib)cntry of a judgment entc�rcing this Srcuriry Instrument.Thoxe conditiun�are thut Borrower:(a)payx
<br /> Lender a!1 sums which then would be due under this Securiry Instrument and the Notc as if no accelcration had u�eurred: (b) �
<br /> .{ � cures any dcfault of eny other covenants or agreements: (r) payz alt expcn�c� incuned in rntiircing this S�tiurity l�scrumcnt. I
<br /> . including, but not limitcci to, r:asonublc:►ttorncys' fces: and (d)tuketi tiuch action:�ti C.�:ndcr muy rca�onably rcqu�rc to assurc �
<br /> . �__ thut thc licn of this Sccurity Instrument. Lcndcr's rights in die Property und Borrowcr'ti obligutiun tv pay the sumti sccurcd by i
<br />---°. .�.,. o."'_..
<br /> . t...............� .�h�,)t r..ntim�.• unrhanard. IlnttA Cl'Itl�G1IC111CpI �)V �l1fCOWCC, t�11S Sl'l'UTIIY Instrumcnt .illl� l�ll' �
<br />.._.. __ '— III/.l JRYtta� •��oa����rv��� ,...Y� �..........� _.._ . �, .
<br /> 'I R ��bliQations securut hereby sh,tll r�main fully effectivc a�if nu acceleration haJ occurrcd. Howcver, this right to n�mstate snaii �
<br /> nnt apply in tlie casc of arccleratiim under parugraph 17. !
<br /> 19. tiale of Note: Chan�e of Luan Servicer. The Notr ur a panial intere�t in the Ni�tc Itogcther with this Security i
<br /> I Instrumentl may he suld ore or mu►t tirnes�+�ithout priur notice to Borrawcr. A salr muy��:�ult in a change in thr cntity(knu�vn
<br /> �'� as thc "l.oan Scrvi:cr")that cullccts monthly paymcnts duc unJcr thc Natc and thiti S�tiurity Imtrumcnt.Thcrr alti��may hc anc i
<br /> � ur marc changcs of tlic Lc�an S�rviccr unrclatcJ to a.ale��f thc Notc.If thcrc is a rhangc of thc Luan Scrvi:cr. Burrvwcr will hc �
<br /> givcn written rnitia:of th�changc in�iccorduncc with paragraph t4 a�uvc and applirablc law.Th�.nuticc will tiruc thc namc and .
<br /> address��f the ne�v [,oan Scrvicer und thc addretiti tu which paymcnts �huuW Ne madc. The noticc will ulx�rontain any nthcr i
<br /> � intittmation rcyuircd by applicablc law.
<br /> ZU. Hazurduus tiulntance�. Aorrowcr �hall nut rau�c ur permit Ihc pre+cncc. usc. Jispn,al, titnragc. ur rcic���c of any i
<br /> �� - Hatarduuti Suhtitan�cs on nr in thc Property. Bi�rrowcr �hall u�u du. n�,r alluw anyunc ckc ti� du. anything aifcctink thc
<br /> �. � � Praperty that i� in viaL•�tiun uf any Environmcntal Law. "fhc preccding twu�cntcnres�hall nut apply tu thc prrticnrc.u�c. ur '
<br /> � ``� sturagc an thc Propcny uf',�nall yuantitic�oi Nur.�rduu�Subst.mrr+ ihat a�r rcnrr,�lly �t�ugniicd t�i hr appr�,priutc to m�rnr,d i
<br /> ' • residc►�tial u�cti uud to muintcnancc��f the F'r��prrcy. 1
<br /> �
<br /> ,..,,�,..�„�� Form�028 9190 f
<br /> �
<br /> " -
<br />
|